Federal Screw Works Reports Third Quarter Results ST. CLAIR SHORES, Mich., April 22 /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports net sales for the third quarter and nine months ended March 31, 2005, of $23,762,000 and $64,185,000, respectively, compared to net sales of $24,371,000 and $66,600,000 for the third quarter and nine months ended March 31 of the prior year. The net loss for the third quarter and nine months ended March 31, 2005, was $(2,536,000) and $(4,905,000), or $(1.82) per share, and $(3.51) per share, respectively, compared to net earnings of $531,000 and $646,000, or $.37 per share and $.45 per share, in the same periods of the prior year. The loss includes $(1,783,000) or $(1.28) per share for charges related to the closing of the Chelsea Division. The Company expects an additional estimated after-tax charge of $(840,000) or $(.60) per share related to the closing of that Division in the fourth quarter of this fiscal year. At its meeting today, the Board of Directors declared a regular quarterly cash dividend of $.10 per share, payable July 1, 2005, to shareholders of record June 3, 2005. DATASOURCE: Federal Screw Works CONTACT: W. T. ZurSchmiede, Jr., Chairman and CFO of Federal Screw Works, +1-586-443-4152 Web site: http://www.federalscrew.com/

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